Personal CFO Solutions LLC Reduces Stock Position in Nu Holdings Ltd. (NYSE:NU)

Personal CFO Solutions LLC lowered its position in Nu Holdings Ltd. (NYSE:NU) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,022 shares of the company’s stock after selling 10,122 shares during the quarter. Personal CFO Solutions LLC’s holdings in NU were worth $539,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. grew its position in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after acquiring an additional 14,875,891 shares during the period. Jennison Associates LLC boosted its position in shares of NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after purchasing an additional 6,435,526 shares during the period. State Street Corp boosted its position in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the period. FMR LLC boosted its stake in shares of NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after purchasing an additional 8,728,833 shares during the period. Finally, Geode Capital Management LLC boosted its position in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. JPMorgan Chase & Co. decreased their price target on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.47.

NU Trading Up 1.7 %

Shares of NU stock opened at $10.83 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business has a 50 day moving average price of $11.98 and a 200 day moving average price of $13.08. The company has a market capitalization of $51.63 billion, a P/E ratio of 27.08, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

NU (NYSE:NU) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.